S&P: Enterprise Products unchanged

Standard & Poor's said based on Enterprise Products Partners LP's (BB+/stable) preliminary assessment of damage caused by Hurricane Katrina, the rating on the company remains unchanged.

Based on discussion with management, S&P said its expectation is that most facilities, including some that are important from a cash flow perspective, will be operational within a few weeks.

However, because Enterprise is a midstream player, damage to upstream and downstream facilities owned by other companies will also affect Enterprise's performance, the agency noted.

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